Many Pennsylvania landowners are receiving royalties relating to natural gas leases. That revenue stream may be subject to tax implications. Likewise, an estate that owns natural gas rights must determine the Pennsylvania inheritance tax implications of the rights and any related natural gas lease. The Marcellus shale exploration boom brought with it many questions pertaining to valuation of natural gas interests for estate purposes. ...

In representing landowners in oil and gas lease negotiations and transactions throughout Southwestern Pennsylvania, we are mindful of how changes in state law can affect our clients’ interests. House Bill 1950 was recently passed and signed into law by Governor Corbett in February of 2012. This legislation is formally known as The Act Amending Title 59 of the Pennsylvania Consolidated Statutes (Act 13 of 2012). Therefore, Act 13 serves...

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The materials at this web site have been prepared by Pettit & Spontak, PLLC for information purposes only and should not be construed as legal advice or legal opinion on any specific facts or circumstances. These materials do not, and are not intended to, constitute legal advice.